SHAQZ

EurAud alot going on here

Long
FX:EURAUD   Euro / Dollar Australien
Currently looking towards the upside as price had bounced off previous support after big drop down in the form on Descending channel
and price has broken bullishly out of that descending channel price currently correcting but correction could also be forming head and shoulders which is sign of reversal . and looking at corresponding EUR pairs most seem to be bearish never the less we will always look at the chart and see what price is telling us for me it is bullish for now ...possible bigger tf head and shoulders could form so tp is placed there
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